Figure 8 has joined 142 institutional investors, collectively representing US$ 634BN in assets, calling on corporations to take action to ensure that they are not indirectly complicit in gun violence, and to advance the solutions that may help prevent such violence. The statement, issued by the Interfaith Center on Corporate Responsibility (ICCR), specifically urges gun manufacturers, retailers and distributors, as well as companies with financial ties to these industries, to review their operations, supply chains and policies and take meaningful action on this significant public safety concern. Many of these actions are taken directly from the Sandy Hook Principles.
More than 33,000 people die each year in the U.S. due to firearm-related deaths. On an average day, 96 Americans are killed by guns, including seven children and teenagers. Episodes of gun violence are a daily occurrence in the U.S., but a series of recent mass shootings involving semi-automatic assault weapons has focused national attention on the ease with which these military-style weapons can be acquired by civilians. The recent event at a school in Parkland, Florida, has ignited a student-led national movement for increased gun control and raised important questions about how corporations and investors may unwittingly be funding or fueling gun violence.
Figure 8 and other investors believe corporations have a critical role to play in advancing solutions and are engaging with companies across sectors to urge immediate and positive action that addresses gun violence.